Heartland Cash and Term PIE Fund
The Heartland Cash and Term PIE Fund (the Fund) is designed to enable you to make an investment that is similar to a call deposit or a term deposit in a tax-efficient way.
You can choose to invest in a Heartland Term PIE Account or a Heartland Cash PIE Account. The minimum investment amount is $1,000.
Heartland Term PIE Account
A Heartland Term PIE Account is a fixed rate, 12 month term investment that gives you the option to have your returns either direct credited or compounded quarterly. This product is ideal if you are currently paying 33% resident withholding tax (RWT) as your returns are taxed at your Prescribed Investor Rate (PIR) which is capped at 28%.Click here for our current rates.
Heartland Cash PIE Account
A Heartland Cash PIE Account is a variable rate investment that gives you easy access to your funds while earning a competitive return. Your returns are earned daily and compounded monthly. This product is ideal if you are currently paying 33% resident withholding tax (RWT) as your returns are taxed at your Prescribed Investor Rate (PIR) which is capped at 28%. Click here for our current rates.
For further information, please refer to the Heartland Cash and Term PIE Fund Fact Sheet and Heartland’s Account and Service General Terms and Conditions. Click here to obtain a copy or call us on 0800 85 20 20.
Heartland PIE Fund Limited is the Manager of the Fund. The Fund invests in an interest-bearing unsecured deposit account with Heartland Bank Limited. Investments are held by the Fund’s independent trustee, The New Zealand Guardian Trust Company Limited. Investments in the Fund do not constitute deposits of Heartland Bank Limited. No person guarantees the Fund’s performance or payment of returns.